Random notes by slowblogger

I agree with Mr. Murdoch. Every change is an opportunity as well as threat. There will be more news. But it does not mean newspaper companies will do well. In any innovation-driven change, more incumbent firms die (or get weaker) than prosper. The advent of the digital camera hurt traditional analog camera and film companies, and Canon is probably the only company that took advantage of the change. With his insights, it seems his newspapers are more likely to belong to the survivors. But we’ll see. One very important thing is that the change in ‘channel’ almost always brings change in ‘production’. The newspaper production model has been optimized for tradtional news ‘paper’ distribution. Now, it needs better model for Internet. Newspaper companies cannot just add web channels and expect to do well. They need to rethink the whole of their business model. 7 months ago